Phunware Cuts About 26% of Full-Time Workforce

• Phunware began cutting approximately eight full-time jobs on November 4, 2026, affecting about 26% of its full-time workforce.
• Termination notices to approximately nine consultants also began that day as part of the cost-cutting measures.
• The employee and consultant reductions are expected to generate approximately $2 million in annualized savings.
• Estimated severance costs total approximately $400,000. The workforce reduction is expected to be completed by the end of December 2026.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Phunware Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001193125-26-455414), on November 10, 2026, and is solely responsible for the information contained therein.